Description
Updated settlement calendar for takeover offer to buy SKYLINE INDIA LIMITED shares with revised obligation and settlement dates.
Summary
BSE has revised the settlement schedule for the takeover offer to buy shares of SKYLINE INDIA LIMITED. The acquisition window was conducted from July 14-25, 2025, with updated obligation and settlement dates of July 30-31, 2025 respectively.
Key Points
- Settlement Type: Takeover (Settlement No. 2025054)
- Bid Period: July 14, 2025 to July 25, 2025
- Revised Obligation Download Date: July 30, 2025
- Revised Settlement Date: July 31, 2025
- Demat shares must be delivered through Early Pay-in of Shares mechanism
- Market Type “Takeover” and settlement No. 2025035 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. This is a schedule revision following existing takeover guidelines as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Must specify Market Type “Takeover” and settlement No. 2025035 in depository system
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Contact relationship managers or ICCL Help Desk for clarifications
Important Dates
- July 30, 2025: Revised Obligation Download Date
- July 31, 2025: Revised Settlement Date
- Bid period already completed (July 14-25, 2025)
Impact Assessment
Medium impact limited to participants in SKYLINE INDIA LIMITED takeover offer. The revision provides updated settlement timeline for completing the acquisition process. Members and custodians involved in this specific takeover need to adjust their settlement processes according to the revised dates.
Impact Justification
Settlement schedule revision affects ongoing takeover process for specific company with clear deadlines